New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-25
WEDNESDAY, Aug. 24--P. ".

WEDNESDAY. Aug. 24--P. ".
Tho offers to sell 4a per cents opened at the Treasury In
Washington at to-day aggregated $7,l4S90O OF
which 81 624 the bonds offered last week
The prices asked ranged about los 10 Ito all the
duplicated offers lower prices than last week
except the offered by the First National Bank
OF New-York az 1C9,93. The Secretary accepted
So 1873 600 from los 100 against lO94l PAID last
week for $2,5000OO At the average rate paid today
the bonds If held till maturity will hardly pay "a per
interest per IL is pretty poorly managed
financial Institution which cannot employ funds during
the next four years at better than per cent rate
-Four moro railroads to-day report their gross earnings
for second week of August showing an aggregate Oh
$3.50 SOL against S1J0,957 for the week or lesO gam
S26s47 or lJ1s per cent. Two made reports Tor Inc
third week in August one shows gain OF folol Vi
10 per cent and the other, ST. Paul. loss ol Ti94'%
or 10 per cent But compared with the week OF 1850
st Paul shows a gain OF $27, 500, or per cent.
Tho stock market was "sot down upon hard this
morning al the opening The pears were dehaht anu
aggressive at the start and under their free offerings
prices yielded all the list. The brokerage hrns
known TO represent the bear" interest were unusually
conspicuous and seemingly acted win greater
confidence than ever Bat usual, Win
the expenditure Of tie prepared ammunition halt In
the decline came and UNDERGONE OF strength was de
veloped by recovery in figures o. dun market mas
much there must he buyer Of every snare OF STOCK
Sold it and for several weeks singular feat
49,
sellers every decline, bu could not answer the ques'
tom Who bought the stocks sold After todays hrst
rally stock selected for special attack
aul It rapidly sold down iTom lli4 TO ll3. Inc
Northwestern gross earnings for two weeks In August
were in of the earnings for the same pc
Rod OF 1856 and the month CT august les6, gave an In
crease 1885 OF 1917 900.
After l o'clock the market ruled strong ana
generally moIe recovered the carly
dscincs better disposition was manifested by tho'e
vino believe in higher prices and there was an eXhioon
OF some confidence that the process OF wreckng was
near an end. Aler . 10 O'CLOCK the chairman OF the
board raped for attention and announced to some
bakers dozen operators who had needed the call tAa
he would sell under the rule, Dy order OF W. G. Stokes
600 OF East ana west Alabama Railroad bonds for
account OF Groves Pcll who had failed to take up
called loan Now East anu West Alabama bonds have
been little dealt In the stock Exchange ana perhaps
not az al anywhere else and there about as much
reason IN attempting iO.cc sale OF then nom the
ros.ruu OF .e Exchange without notice there would
have been ia Offering them from Pier No. l, North
River Probably not d person within the hearing or the
chairman idea OF the value OF the JOHd5. After
yainly Offering them at from 1903 %. the order
80 sell was Withdrawn. How many Of the bonds have
been placed around in loans IS SIN unknown quantity
bat e Total outstanding issue j. oAly 3l.7Jv,JOO on 10
miles o! road IL the sX months juno 30, 1857, the
cunfauy's net ca.liu-s were 7J0OOJ $4,000 more
than tac accrung Interest bonus outstauGins July
for The period his incident however, sufficient to
revive the waning COURAGE OF tao bears, and they
ia took possession tho Iua,ct AMI hY tAcir free
-ciuI ae.4 t ID 4u cAd making tie ia't prices ABOUT
C'yrr.aucI, bombs were DIN ard easy. Bills were D.
r-hcr Tor tnc - a1d as lower lOr tAc H.. Annexed
nc cO>in, quotations.